Wall Street Zen Upgrades John Wiley & Sons (NYSE:WLY) to Strong-Buy

John Wiley & Sons (NYSE:WLY - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

John Wiley & Sons Stock Down 1.9%

Shares of John Wiley & Sons stock traded down $0.83 during midday trading on Friday, hitting $43.07. The company had a trading volume of 746,569 shares, compared to its average volume of 389,947. John Wiley & Sons has a 52-week low of $36.50 and a 52-week high of $53.96. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.51 and a current ratio of 0.54. The stock has a market capitalization of $2.32 billion, a P/E ratio of 28.15 and a beta of 0.89. The company has a 50 day moving average of $41.82 and a 200 day moving average of $42.46.

John Wiley & Sons (NYSE:WLY - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.27 by $0.10. The company had revenue of $442.58 million for the quarter, compared to the consensus estimate of $435.00 million. John Wiley & Sons had a net margin of 5.02% and a return on equity of 27.42%. John Wiley & Sons's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. On average, equities analysts predict that John Wiley & Sons will post 3.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in shares of John Wiley & Sons by 114.6% during the 4th quarter. Blue Trust Inc. now owns 749 shares of the company's stock valued at $36,000 after buying an additional 400 shares in the last quarter. Principal Financial Group Inc. raised its holdings in John Wiley & Sons by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 217,071 shares of the company's stock valued at $9,488,000 after acquiring an additional 7,887 shares during the period. D.A. Davidson & CO. lifted its position in shares of John Wiley & Sons by 39.9% in the fourth quarter. D.A. Davidson & CO. now owns 61,858 shares of the company's stock valued at $2,704,000 after acquiring an additional 17,630 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of John Wiley & Sons by 7.4% in the fourth quarter. New York State Common Retirement Fund now owns 297,820 shares of the company's stock worth $13,018,000 after acquiring an additional 20,644 shares during the period. Finally, Handelsbanken Fonder AB grew its position in shares of John Wiley & Sons by 19.0% during the fourth quarter. Handelsbanken Fonder AB now owns 13,137 shares of the company's stock worth $574,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors own 73.94% of the company's stock.

About John Wiley & Sons

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.